The Namibian annual inflation rate rose to 6.8% y/y in July, the quickest pace since March 2017. On a month-on-month basis, inflation remained steady at 1.0% m/m. Year-on-year, overall prices in eight of the twelve basket categories rose at a quicker rate in July than in June, two categories experienced… Continue reading
Overall Private sector credit extension (PSCE) declined by N$710.4 million or 0.6% m/m in June, the first month-on-month decline this year, bringing the cumulative credit outstanding to N$115.9 billion. On a year-on-year basis, PSCE grew by 9.9% y/y in June, compared to the 11.0% y/y growth recorded in May. The… Continue reading
The City of Windhoek approved a total of 227 building plans in June, representing a 55.5% m/m increase from the 146 building plans approved in May. In value terms, the approvals were valued at N$398.2 million, a 237.2% m/m increase from the N$118.1 million approved in May. Year-to-date 1,139 building… Continue reading